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Access Bank To Take Over National Bank Of Kenya

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Access Bank has announced intentions to purchase the National Bank of Kenya (NBK) from the KCB Group.

This strategic move marks the second major acquisition of a Kenyan bank by Access Bank within five years, following a notable attempt to secure Sidian Bank in 2023.

CEO Paul Russo of KCB Group has expressed confidence in the deal, highlighting Access Bank’s commitment to purchasing the entire stake of NBK, a move poised to shape the future trajectory of the renowned financial institution.

Russo said, “We are commencing the necessary steps to ensure the success of the transaction. While it may take 6 to 9 months to finalize, we are providing a clear path forward for the institution and our employees.”

Access Bank’s acquisition of Transnational Bank back in 2020 was a pivotal step towards expanding its influence in the East Africa region. This recent move underscores the bank’s ambitious growth agenda.

“This transaction marks a significant milestone for Access Bank, aligning seamlessly with our strategic roadmap to fortify our presence in the Kenyan market,” Access Bank’s CEO, Roosevelt Ogbonna, stated.

KCB Group, the second-largest bank in Kenya, intervened to rescue the financially troubled NBK in 2019, with crucial support from the National Treasury and the Central Bank of Kenya. This initiated a series of substantial reforms within NBK.

Since taking over, KCB has been steadfastly working to shore up NBK’s capital reserves to meet regulatory standards and steer the bank towards profitability.

Joseph Kingua, Chairman, KCB Group stated, “KCB’s decision to acquire NBK in 2019 was a strategic move. Despite facing challenges, including legacy claims, we remain committed to restoring NBK’s financial health.”

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Ibadan Man On Why He Used 76 Women For Ritual, Ate Others

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An ear-tingling tale has emerged from the Oyo State capital, Ibadan, where a yet-to-be-identified male confessed on radio that he sacrificed almost 80 women to his idol over a seven-year period.

He made the confession in Ibadan, while appearing at a Fresh FM radio programme, titled, ‘Opeyemi’ on Saturday.

Famous in the locality, Foko area of Ibadan, where he was born, by his alias, ‘Mistina Orobo’, the now self-acclaimed pastor asserted that the almost 80 women were not part of those he was hired to kill and had eaten.

He was driven to sacrifice the women in the quest to renew his mystical power. He would then indulge in cannibalism after he had taken their blood for sacrifice to his idol.

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In his words, “My idol takes about 73 to 76 women for over seven years. These women are always gotten from the club or other popular places. When I eat people, it is purposely to renew the voodoo in my body. Sometimes, when I’m shot, it won’t penetrate, even when I’m hacked, the machete breaks. The sweetest human parts are tongue, palm, and foot.”

The cannibal then used the mystical powers for nefarious activities including supporting others, including politicians, business people, and high flying career people, like bank managers, in the quest to accomplish ulterior motives.

“I also work for bank managers, politicians, and some other rich men. I’m very popular among them. When I first worked with a bank manager, it was one wealthy man that we killed and the info was supplied in the bank.

“The only person who was left to sign refused to sign, we visited him, made him sign, and killed him aftermath. I charge up to N50 to N80 million to get people killed and we always work as a team. I taught some people to work, some as highway or armed robbers and I usually get my fair share,” he added.

He formally sought anonymity until the right time, and gave graphic details of what he and his boys did to influence outcome of elections in Oyo State.

On his early days, the mysterious man confessed that he has been eating sacrifices since the age of nine as the son of an herbalist, from which he added hired assassin and highway robbery to his trade.

“As a child of an herbalist, I always eat sacrifices in seven different junctions, this was what fortified me before I grew up to become a dreaded hired assassin and sometimes, highway robber,” he confessed.

On how he turned a new leaf, the man said he met Jesus in his dream after he attempted to avenge people who earlier fought with him.

According to him, “I had been killed before but I woke up because of the idol I had at home. The day I went to retaliate those people who fought and killed me. When we got to the first person, I had a change of mind. When we got to the house of the other one, he was drunk, and my boy was about to unleash on him when I begged that he should be spared, since then, I have been sympathetic and have left the wayward life. Now, God has taken over my life.

“I am now in a seminary. I spent four years learning to be a prophet. I am not ready to establish a church. I just want people to know my terrible story. I had sold all three houses and cars I bought while engaging in these acts. I met Jesus in my dream.”

He also stressed that a former lawmaker in the House of Representatives, Temitope Olatoye (a.k.a. Sugar) died because he was in Ghana at that time if not it would have been averted, adding that he had always informed Sugar of the dangers looming.

Recall that Sugar died on March 9, 2019, in the Intensive Care Unit of the University College Hospital, after suffering bullet wounds in the head from shots of suspected political thugs in the Lalupon area of Ibadan.

The public is still wondering at the speed with which the news of his attack spread, the tales in the locality being that Sugar died on the spot.

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JUST IN: Angry Nigerians Storm NNPC HQ, Demand Mele Kyari’s Resignation

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Tensions flared outside the Nigerian National Petroleum Corporation (NNPC) headquarters in Abuja on Monday as a large group of Nigerians gathered to demand the resignation of NNPC Group Managing Director Mele Kyari.

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The protesters, driven by frustration over reported mismanagement and high spending, specifically pointed to $4 billion spent on the refurbishment of the Port Harcourt, Warri, and Kaduna refineries—projects that many feel have yielded little return.

 

 

 

 

More to follow………. 

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JUST IN: Tinubu Swears In Seven Newly-Appointed Ministers

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President Bola Ahmed Tinubu has officially sworn in seven newly-appointed ministers at the Council Chambers of the Presidential Villa in Abuja.

The ceremony, held on Monday, brought together the ministers-designate, their families, and dignitaries, marking a significant step in the ongoing reshaping of Tinubu’s cabinet.

This swearing-in follows a week of important political activity, including the Senate’s screening of the nominees, which occurred shortly after President Tinubu announced their appointments.

Presidential spokesman Bayo Onanuga had confirmed that the new ministers would be screened on Monday, setting the stage for today’s event.

To accommodate the swearing-in ceremony, the Federal Executive Council (FEC) meeting, typically scheduled for Mondays, has been rescheduled to Wednesday.

This cabinet reshuffle reflects President Tinubu’s response to increasing public demands for change amid Nigeria’s ongoing economic challenges.

In a bid to enhance governmental effectiveness, Tinubu dismissed five ministers and reassigned ten others, aiming to tackle pressing national issues more effectively.

The seven ministers include:

Dr. Nentawe Yilwatda: Minister of Humanitarian Affairs and Poverty Reduction

Muhammadu Maigari Dingyadi: Minister of Labour and Employment

Bianca Odinaka Odumegwu-Ojukwu: Minister of State for Foreign Affairs

Dr. Jumoke Oduwole: Minister of Industry, Trade and Investment

Idi Mukhtar Maiha: Minister of Livestock Development

Yusuf Abdullahi Ata: Minister of State for Housing and Urban Development

Dr. Suwaiba Said Ahmad: Minister of State for Education

As they assume their roles, attention will be on how these ministers navigate the complexities of Nigeria’s economic landscape and work towards policies that improve the lives of citizens.

 

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